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Dec 2, 2012
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he won the election. and he told the american people we were going to raise the rates on the top income earners. now that is what he is trying to do. i think there is some give here. i don't think it has to go up to 39.6. right now it's 35. maybe it goes up a point or two. listen, republicans need time to sort through all of this. there will be a short-term agreement. there will be a down payment with some increased taxes. some increased budget cuts. then there will be a framework for next year. i think they will reach a deal next year. i don't think it's easy. but listen, this is all what politics is about. no one gets everything. you have a negotiation. that is what is going on now. negotiation. >> eric: when you say you think there are increaseded taxes or like increased revenues instead of the increased taxes like republicans want? >> here is what is at stake. economy is on the brink potentially of going to recession. that will have the worst impact on the deficit that anything will. we got to make su
he won the election. and he told the american people we were going to raise the rates on the top income earners. now that is what he is trying to do. i think there is some give here. i don't think it has to go up to 39.6. right now it's 35. maybe it goes up a point or two. listen, republicans need time to sort through all of this. there will be a short-term agreement. there will be a down payment with some increased taxes. some increased budget cuts. then there will be a framework for next...
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Dec 2, 2012
12/12
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. >> it is by the end of this week and here is why, the republicans came out right after the election and said to the president, you want revenue here. you want revenue on the wealthy, we'll give it to you, limiting tax deductions for the wealthy. the president instead of taking that and running with tceiling a deal has been campaigning for tax hikes and to cap it off sent treasury secretary tim geithner to congress with this outrageous proposal as basically a compilation of everything that the president wanted in his budget and beyond what he even campaigned for. as a result i think most republicans wonder how serious he is about doing this. they feel things are going backward. >> paul: yeah, that, that's the way it sounds to me, too, i talked to some senior republicans this week and they're increasingly of the belief that maybe the president wants to back them into a corner, that could push them over the cliff and then be able to blame them if you have a recession or for taxes going up on everybody. >> well, i don't doubt that's what he's trying to do. it's hard to see where the ups
. >> it is by the end of this week and here is why, the republicans came out right after the election and said to the president, you want revenue here. you want revenue on the wealthy, we'll give it to you, limiting tax deductions for the wealthy. the president instead of taking that and running with tceiling a deal has been campaigning for tax hikes and to cap it off sent treasury secretary tim geithner to congress with this outrageous proposal as basically a compilation of everything...
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Dec 2, 2012
12/12
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that doesn't sit well with mexicans who accuse it of buying the election. hundreds clashed with police outside congress. >>> north korea is going to try again. they want to take another stab at sending a rocket into space. this time, to place a satellite into orbit. this is all coming from north korea state run media. the rocket will be similar to this one. the planned launch, the window is between december 10th and 22nd. u.s. state department is not happy about it, calling any launch by the north koreans provocative. >>> take a look at live pictures from the white house, which is marking world aids day. a day to ponder the fight against hiv and aids. nations around the globe observe the day in their own way. sydney's famous opera house, lit up in red, the color of aids awareness. other countries held rallies. as of last year, an estimated 34 million people were living with hiv. >>> an awful bus crash today on airport property in miami to tell you about. two people died when a tour bus smashed into an overpass. too low for the bus to clear. police and firef
that doesn't sit well with mexicans who accuse it of buying the election. hundreds clashed with police outside congress. >>> north korea is going to try again. they want to take another stab at sending a rocket into space. this time, to place a satellite into orbit. this is all coming from north korea state run media. the rocket will be similar to this one. the planned launch, the window is between december 10th and 22nd. u.s. state department is not happy about it, calling any launch...
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Dec 2, 2012
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after the election the changes. only due in 1937 all of a sudden that money was gone from the economy that was one of the reasons why we are talking now. they had a depression within the depression. stock market went down. >> let's be specific here. before the break we said we could see another bubble. before we saw the housing bubble a few years ago. we know what that is. is the bubble the amount of money that will be taken out of the economy because of obama care? >> in 37 actions 38 thu had-- 3 37 they had a bubble. the year after the election it popped. we are doing our bubble right now. coming up a pop that would mean further unemployment. they had a downturn, this is the bubbly period. that's what the fed was doing when it put money into the economy prior to the election. they had a benefit for the election. interest rates are so low many people would say we are in a bubble. sounds strange because we don't feel so bubbly. outside of the u.s. they would say we are too easy sloshing with money or the bubble is i
after the election the changes. only due in 1937 all of a sudden that money was gone from the economy that was one of the reasons why we are talking now. they had a depression within the depression. stock market went down. >> let's be specific here. before the break we said we could see another bubble. before we saw the housing bubble a few years ago. we know what that is. is the bubble the amount of money that will be taken out of the economy because of obama care? >> in 37 actions...
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Dec 2, 2012
12/12
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my election -- i was elected on a business platform. and for 45 years, i've developed four communities of 2,500 acres or larger. i'm a community builder. i've owned harley stores and marine stores. i've been a general contractor. >> you're a job creator? >> i'm a job creator, a community creator. so the folks here in story county look upon me as a business developer, as a community builder, a lot of revenue generated. and then the next level is that i do a lot for the community. i've been heavily involved in tourism in virginia city and all of the events -- we race camels and outhouses and have chili cook-offs up there. the gold mining is fabulous. but my business base in story county for 15 years is generating revenue. that's just the bottom line. >> let me jump in here. a couple of things you said, you said that you believe that the mustang ranch and the bidses that were built -- similar businesses, you say they were positive for the community. some people would say, no way, how are they positives? >> well, they're very positive becau
my election -- i was elected on a business platform. and for 45 years, i've developed four communities of 2,500 acres or larger. i'm a community builder. i've owned harley stores and marine stores. i've been a general contractor. >> you're a job creator? >> i'm a job creator, a community creator. so the folks here in story county look upon me as a business developer, as a community builder, a lot of revenue generated. and then the next level is that i do a lot for the community....
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Dec 2, 2012
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it's just the republicans did such a bad job not to get elected. he's just awesome. the republican party is going to have to change their whole way of handling politics in order to change because are changing. >> why are the republicans so out of touch? >> you have to have some republican representative and he has to tell you because i have no idea. >> that's very diplomatic of you, mike. >> it's true. >> you're becoming diplomatic in your old age. >> becoming very truthful because it's just unbelievable why people still have the same mentality. >> when you go back to your streets and meet old guys and so son, what do you think the real cares and fears of the average american on the street are right now? >> health care. there's people that haven't been to the doctor in 20 years, seen a doctor because they can't afford it. man, hunger, homelessness. we're talking about the land of plenty. it's just difficult. we're in dire straits as far as hope and i think president obama and vice president biden give people in desperation that hope. you've had times in your life whe
it's just the republicans did such a bad job not to get elected. he's just awesome. the republican party is going to have to change their whole way of handling politics in order to change because are changing. >> why are the republicans so out of touch? >> you have to have some republican representative and he has to tell you because i have no idea. >> that's very diplomatic of you, mike. >> it's true. >> you're becoming diplomatic in your old age. >>...
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Dec 2, 2012
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i was just elected. the only thing i'm honoring is the oath i take when i serve in january. >> they pledge 20 years ago, 18 years ago for that congress. if i were in congress in 1941, i would have signed a declaration of war against japan. i'm not going attack japan today. >> that's a good one. opposition to increasing taxes, the question you have to ask is why now? the most obvious reason has to do with the election results. tax rates for the wealthiest filers was debated. the raise the taxes side won. the cut taxes for wealthy people lost. in case you don't believe the votes cast, look at the polling. the deeper reason we are seeing a shift on the politics of taxes is that the actual facts of the matter change. when the great tax revolt started, americans were paying a lot of taxes. they challenged it into prop 13 in california and required a two-thirds majority to impose new taxes. years later, reagan won office promising to cut taxes especially for those at the top. now, 30 years later, americans are
i was just elected. the only thing i'm honoring is the oath i take when i serve in january. >> they pledge 20 years ago, 18 years ago for that congress. if i were in congress in 1941, i would have signed a declaration of war against japan. i'm not going attack japan today. >> that's a good one. opposition to increasing taxes, the question you have to ask is why now? the most obvious reason has to do with the election results. tax rates for the wealthiest filers was debated. the...
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Dec 2, 2012
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the president won this election fair and square. american voters are clear on the mandate and support an increase in tax rates to balance this budget. >> that is not true. for the bush tax cuts to expire and top 2 percent even most generous estimate that is $90 billion more in revenue. not $1.6 trillion more in revenue even over ten years. even if you accept that larger number, the deficit is $1.5 trillion so, even if the republicans raise the you are giving $90 billion. where are you going to get the rest of it? it will have to come from entitlement reform and meaning spending cuts. >> it's coming from loopholes. i think we can. >> he criticized governor romney's plan based on the premise there is not enough revenue in the loop homes. he has agreed to the flame work, revenues or the table. we will give you $800 billion. that is great starting point. president has insulted republicans who are going out on the limb by wanting to be more pragmatic about this by coming to the congress which even among the most liberal writers in it is
the president won this election fair and square. american voters are clear on the mandate and support an increase in tax rates to balance this budget. >> that is not true. for the bush tax cuts to expire and top 2 percent even most generous estimate that is $90 billion more in revenue. not $1.6 trillion more in revenue even over ten years. even if you accept that larger number, the deficit is $1.5 trillion so, even if the republicans raise the you are giving $90 billion. where are you...